PCIP Practice - Questions with Correct Answers
(Verified Update)
23 questions with answers
Topic: PCIP Practice
1. Which of the below functions is associated with Acquirers?
A. Provide settlement services to a merchant
B. Provide authorization services to a merchant
C. Provide clearing services to a merchant
D. All of the options
Answer: D. All of the options
2. Which of the following entities will actually approve a purchase?
A. Non-Issuing Merchant Bank
B. Issuing Bank
C. Payment Transaction Gateway
D. Acquiring Bank
Answer: B. Issuing Bank
3. Which of the following lists the correct "order" for the flow of a payment card
transaction?
A. Clearing, Settlement, Authorization
B. Clearing, Authorization, Settlement
C. Authorization, Clearing, Settlement
D. Authorization, Settlement, Clearing
Answer: C. Authorization, Clearing, Settlement
4. Service Providers include companies which_____________or could______________the
security of cardholder data.
A. are PCI compliant, prove effective controls for
B. control, impact
C. manage, test
D. control, subrogate
Answer: B. control, impact
5. QUESTION 16 Cardholder Data may be stored in "KNOWN" and "UNKNOWN"
locations.
A. True
B. False
Answer: A. True
6. Storing Track Data "Long-Term" or "persistently" may be permitted
if_______________.
A. it is being stored by issuers
B. it is reported to the PCI SSC annually in a RoC
C. it is encrypted by the merchant storing it
D. it is hashed by the merchant storing it
Answer: A. it is being stored by issuers
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(Verified Update)
23 questions with answers
Topic: PCIP Practice
1. Which of the below functions is associated with Acquirers?
A. Provide settlement services to a merchant
B. Provide authorization services to a merchant
C. Provide clearing services to a merchant
D. All of the options
Answer: D. All of the options
2. Which of the following entities will actually approve a purchase?
A. Non-Issuing Merchant Bank
B. Issuing Bank
C. Payment Transaction Gateway
D. Acquiring Bank
Answer: B. Issuing Bank
3. Which of the following lists the correct "order" for the flow of a payment card
transaction?
A. Clearing, Settlement, Authorization
B. Clearing, Authorization, Settlement
C. Authorization, Clearing, Settlement
D. Authorization, Settlement, Clearing
Answer: C. Authorization, Clearing, Settlement
4. Service Providers include companies which_____________or could______________the
security of cardholder data.
A. are PCI compliant, prove effective controls for
B. control, impact
C. manage, test
D. control, subrogate
Answer: B. control, impact
5. QUESTION 16 Cardholder Data may be stored in "KNOWN" and "UNKNOWN"
locations.
A. True
B. False
Answer: A. True
6. Storing Track Data "Long-Term" or "persistently" may be permitted
if_______________.
A. it is being stored by issuers
B. it is reported to the PCI SSC annually in a RoC
C. it is encrypted by the merchant storing it
D. it is hashed by the merchant storing it
Answer: A. it is being stored by issuers
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